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Nov 30, 2012 7:00pm EST
adjoining the sort that discussion is stephen sloan, to start with, could you define frat a tax credit is and how that differs from a taxom deduction? >> guest: post-credits and deductions are used to lower somebody's tax bill. they credit lower somebody's tax bill dollar for dollar. if you say you have the $1000 tax credit come your tax lowere, -- basically a reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a to under $50 deduction -- $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions that congress has to make. host: we can go into debt but to highlight four --th let's start with the child tax credit. what is it? guest: this is a credit that applies to families, some that you can use if you make up to ,000.0 it is they $1,000 credit for each child. unless congress acts, that 10000 becomedit will $500, but becomes less valu
Dec 25, 2012 5:00pm EST
would you feel? >> just on the j.f.k. assassination thing. i just read one of stephen king's new books which is about the assassination and a man who has the ability to go back in time and tries to stop the assassination of j.f.k. does that mean we should put a thing on the front and say this didn't happen? at what point is it someone's responsibility to find out whether there is a backing up of that argument. it seems ridiculous when it's about time travel because there is no time travel yet. to a lot of people that would be absurd, where is that line? it's a gray area. >> i think the answer to somebody who will look at -- watch "24" and say see didn't i tell you americans are torture mongers. it goes to the old question of what is the effect, what's the cause and what's the effect of art and on public perception and behavior. would i personally feel responsible? i thought about it and i do think we all bear some responsibility but not complete responsibility. so somebody who doesn't have a critical capacity to turn on a television and realize this is fiction, this is not a representa
Dec 26, 2012 1:00pm EST
for chris stephens and for the united states, their great -- gratitude for our country provide, i think, a measure of hope. that demonstration of afiction for america and for our envoy who gave his life for those people summed up exactly why we must not look inwards and walk away. finally, let me just say that what happened in benghazi really can't be seen in isolation. there's a truth about diplomacy and foreign service that needs to be processed through the committee and the congress and the country as we examine the events of men ghazi. we have an expeditionary diplomatic corps, and they do face very real risks every day, day in and day out. bad things have happened before, and bad things will happen again, unfortunately, in the future. there will always be a tension between the diplomatic imperative to get outside the wire and the security standards that require our diplomats to work behind high walls and full-body searches. we do not want to conner is tee that wire america off from the world. our challenge is to strike a balance between the necessity of the mission, available resou
Dec 6, 2012 10:00am EST
's got me. host: that's stephen, independent. who did you vote for in 2008? i mean in 2012. it's 2012 now. caller: i voted for president obama and i really, really liked mitt romney. i thought he had a great personality but you know, why do i got to pay less taxes than my friend from massachusetts? so that really bugged me. host: stephen an independent in connecticut. tyrone is a republican in the bronx. caller: hi, how you doing. host: i'm good. caller: i think hillary clinton would be an excellent candidate for 2016, i think she handled the middle eastern issue, libya, to the best of her ability and also as far as the g.o.p. is concerned, inshe's made strides toward eliminating the tax spending through various commitments with private entities and organizations that coming out of the woodwork. i was watching earlier today and what they were requesting from the white house as far as step up to the plit, pleths fix this problem by incorporating small businesses and less government intervention to somewhat sush the deficit considering it's been astronomical. i heard barack obama say, the w
Dec 24, 2012 5:00pm EST
and the negotiations over america's financial future, is stephen ohlemacher, joining us from the associated press, where he is a reporter. thank you for being here. guest: thank you. host: how many people in america receive social security? guest: a little bit more than 56 million people get social security. the average benefit is a little over $1,200 a month. so maybe it is like $13,000, $14,000 a year. host: we're talking about retirees but also the disabled. guest: yes, fairly wide group of people get social security benefits, retired workers, spouses, children, disabled workers, widows, widowers. it is a fairly big social safety net of people who get social security benefits. host: as you mentioned about 56 million the retirees received a $1,2 a month. there is also the s.s.i. about $500 a month. how does social security get financed? guest: it has been a self funded program. it is funded by payroll taxes. there's a 12.4% tax on wages up to about $110,000. you make more than that then any money you make over that is not taxed for social security. it is divided equally between your employer an
Dec 21, 2012 9:00am EST
that connection. so the whole idea you bring up, stephen, that you believe that -- to connect the taxes they are paying with what they are getting in some respects, i agree with you and that is one of the challenges. on the first point, i take exception to you saying that my request for raising the cap on social security is a knee-jerk reaction. knee-jerk reaction is a description of somebody just sort of making a decision without thinking about it. i have put a lot of thought on the issue. you and i may disagree on the best solution but i put a lot of thought into it and i think it is the best solution. it may be a solution i am not successful at achieving in terms of a final deal. but if you want to look at the long-term solvency of social security, it is a great way to address it. >> -- host: just a few thoughts, first from our facebook page from a viewer. guest: on the first point about dreams versus reality, i think that what happened last night on capitol hill, the house republican conference will, in fact, help folks realize that it is going to take a bipartisan bill. you can't r
Search Results 0 to 5 of about 6